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CBS
Oct 5, 2012 6:30pm EDT
looked so much better in comparison. for mr. obama, unemployment peaked in 2009 at 10%, now three e years later it's 7.8%. for both presidents, unemployment generally trended down all the way to election day. as you might expect, president obama and governor romney saw these numbers quite differently and we have two reports tonight. first, nancy cordes covering the president and she's in cleveland. nancy? >> reporter: scott, you could practically see the relief on the president's face today and not just because this news helped to change the subject from his shaky debate performance. high unemployment has been an albatross around his neck the past four years. today he mentioned the drop not once but twice starting at virginia. >> this morning we found out that the unemployment rate has fallen to its lowest level since i took office. (cheers and applause) more americans entered the work force, more people are getting jobs. >> reporter: around steady rain in cleveland where president obama shared a coat with the supporter who introduced him, he made it clear to a crowd of 9,000 that h
MSNBC
Oct 5, 2012 7:00pm PDT
victory for president obama. >> the white house got some welcome news. >> the unemployment rate has fallen who its lowest level since i took office. >> this is excellent news. >> it's definitely a good day for the american economy. >> 7.8. >> 7.8. >> there's no way that's right. >> there are some people out here who don't like this number. >> the harsh back and forth. >> over today's jobs reports. >> now we've sea got jobbers. >> business pioneer jack welch calls these numbers into question. >> these numbers don't smell right. >> jack welch was a successful businessman. >> this is about asking questions. >> on this subject he has absolutely no idea what he's talking about. congressman west, take it away. >> you can't deny the numbers. >> don't challenge my intelligence. >> there's not a shred of evidence they've ever manipulated this number. >> people have stopped looking for work. >> more and more people have just stopped looking for work. >> that is definitely not the case. >> completely wrong. >> people are not giving up. they're gomg back into the work force. >> i think i get th
MSNBC
Oct 5, 2012 8:00pm PDT
september rate is lower than the unemployment rate when barack obama took office in 2009 of january of that year right out of the bat. today where's the dow? the dow-jones industrial average hit a five-year high. stocks are doing better than they were before the economic crash of 2008. more people are working today than when president obama was inaugurated. you know, when they were having the secret meeting about how they were going to make him fail. it's not all sunshine and roses out there. we'll admit that. the jobs situation in america has improved under president obama's watch. now of course unless you are a hard core right winger. according to them, these unemployment numbers, you know what they are? they are a conspiracy. they're a conspiracy to re-elect the president of the united states. >> there is widespread mistrust of this report and these numbers because there are clear contradictions. >> i guarantee when this is revised the unemployment rate would be back above 8%. >> oh, how convenient that the rate drops below 8% for the first time in 43 months five weeks before an ele
MSNBC
Oct 5, 2012 5:00pm PDT
. >> the obama administration promised that unemployment would not exceed 8%. >> would not exceed 8%. >> unemployment under 8%. >> below 8%. >> tonight a requiem for the 8% promise. the mitt romney coal miner story got even uglier today. we'll talk to the author of a new report that claims the owner of the ohio mine mitt romney visited forced workers to donate to the romney campaign. and the legendary actor lavar burton is mad at mitt romney for going after big bird. >> i'm going to stop other things. i like pbs. i love big bird. >> tonight the real story about pbs. >> the real story? >> the real story. good to have you with us tonight folks. thanks for watching. the unemployment numbers for september were released today. it is good news for the american recovery. somebody said obama didn't know anything about the economy. well, forget that for now. the national unemployment rate fell to, count it, 7.8%. 114,000 jobs were added to the payrolls. an additional 86,000 were added to revisions for july and august. the labor force grew, my friends, by 418,000, which means the drop in unem
MSNBC
Oct 5, 2012 7:00am PDT
obama. the unemployment rate for september falling to 7.8%, the first time the jobless rate has been below 8% since january of '09 when president obama took office. now the big question is, will this change the narrative of the presidential campaign that was against the president after the debate? this morning we're seeing both campaigns end candidates energized, although for very different reasons. president obama was first trying to shake off his lackluster debate performance. mitt romney trying to capitalize on his new momentum. and he's got a new response to that video where he talked about the 47% going beyond what his line has been that he spoke inelegantly. >> well, clearly in a campaign with hundreds, if not thousands of sechs and question and answer sessions, now and again you're going to say something that doesn't come out right. in this case i said something that's completely wrong. i absolutely believe, however, that my life has shown that i care about 100% and that's been demonstrated throughout my life and this whole campaign is about the 100%. when i become presid
FOX News
Oct 5, 2012 6:00pm EDT
before election day, unemployment below 8% for the first time in the obama era, mitt romney called it too little, too late and too high since so many have stopped looking for work. >> the truth is if the same share of people participating in the work force today as the day the president got elected our unemployment rate to be around 11%. >> romney's plan says it will create new jobs, instead of part-time, helping to get it under 8% before the election. i'll help create 12 million new jobs and rising take home pay. >> romney's debate performance intersecting polls, and rasmussen shows romney inching ahead in virginia and ohio albeit within the margin of error and the daily tracking poll has the president up 5 points. romney met privately with laid off miners and blasted the president for waging war with workers, and romney that's an is crucial section of energy independence. >> i think we should put the americans back to work and it's energy abundant and cheap and burned in a clean way. >> and romney with fireworks and country car trace adkins that the president's trillion dollar st
FOX News
Oct 6, 2012 4:00am EDT
news for president obama. the unemployment rate dropping. lou dobbs on that. the rumble in d.c. tomorrow. stewart and i will go at it. gut field and mcguirk going to analyze up ahead. >> bill: good news for president obama. the unemployment rate has dropped to 7.8%. 117,000 jobs added in september. many say that's a sign the economy has turned around with us now is lou dobbs. you say. >> it's not a sign that things are turning around. it's good news for president obama. 7.8%. getting into the 7s is very important for him. so that's very good news for him. unfortunately, it does really describe the state of unemployment and real pain in country. 23 million americans have remained unemployed or given up hope of being employed. >> i heard people like barack obama say the numbers were cooked, were fixed. former ceo of g.e. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a
MSNBC
Oct 6, 2012 1:00am EDT
released before the election is very good news for president obama. unemployment has fallen below 8% for the first time since the president took office in january 2009. the september jobs report showed the u.s. added 114,000 jobs with the unemployment rate dropping to 7.8%. the better news was the bureau of labor statistics was revising job reports for the last two months finding the economy actually added 181,000 jobs up from 141,000 in august. and in august the economy added 142,000 jobs up from the initially lack luster 96,000 initially reported. so there were in total 200,000 new jobs on this jobs report. president obama tried to put today's good news jobs report in context, campaigning in virginia. >> after losing about 800,000 jobs a month when i took office, our businesses have now added 5.2 million new jobs over the past 2 1/2 years. this morning we found out that the unemployment rate has fallen to its lowest level since i took office. more americans entered the work force, more people are getting jobs. it's a reminder that this country has come too far to turn back now. >>
FOX News
Oct 5, 2012 8:00pm PDT
president obama. the unemployment rate dropping. lou dobbs on that. the rumble in d.c. tomorrow. stewart and i will go at it. gut field and mcguirk going to analyze up ahead. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] try new alka-seltzer plus severe allergy to treat allergy symptoms, plus sinus congestion, and pain. is i can follow all my sports... catch the latest breaking news... keep in touch with friends... follow the financial headlines... find a great restaurant... and with siriusxm i can get weather forecasts... all from here. in my merced
NBC
Oct 6, 2012 6:00pm EDT
weekly address, president obama is talking about the sudden drop in unemployment that is good news for the economy and a great news for his reelection campaign. >> more americans are entering the workforce. more americans are getting jobs. if that unemployment dropped from 8.1% to 7.9%, but mitt romney -- >> we are having problems with that story. the latest political news on our website, wbaltv.com, with the up-to-date information for state, local, and national elections. >>> they had fought for years to fight extradition. now four suspects are in u.s. courts. how they answered the charges against them. he was convicted of stealing the pope's private papers and linking them to a journalist. why he may not spend any time in prison, next. prison, next. >>> an extremist clear-cut and four other suspect appeared in court today hours after they were brought for into the u.s. to face trial. the preacher did not enter replete of charges he conspired to set up a terrorist training camp and at oregon and abducted 16 hostages. four other men pled not guilty. >>> the vatican says that the former
FOX
Oct 6, 2012 11:45pm EDT
. >> reporter: in the white house weekly address, president obama touted the count -- the country's unemployment rate in september. >> and on friday, we learned the unemployment rate is at the lowest level since i took office. more americans are entering the workforce, more americans are getting jobs. >> reporter: president obama in cleveland trapped governor romney's tax plan. >> mr. romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in orlando this afternoon. >> and we got to win. we have to win. >> we are going win florida. i will predict that. >> thank you. >> a recent gallop poll shows a stagger -- staggering amount of younger voters might be sitting the election out. fifty% o
FOX News
Oct 5, 2012 11:00pm EDT
your car. mercedes-benz. the best or nothing. >> bill: good news for president obama. the unemployment rate has dropped to 7.8%. 117,000 jobs added in september. many say that's a sign the economy has turned around with us now is louyo >>. >> we have lou dobbs here. >> it's good news for president obam a. 7.8%, getting into the 7s is very important for him. that's very good news for him. unfortunately tdoesn't describe the state of unemployment. and real pain in the country. 23 million americans remain unemployed or they have given up hope of being employed. >> viheard people who don't like barack obama today, say the numbers are cooked, fixed. doesn't what's his name, the former ceo of g.e. -- >> jack welch! he said, the guys from chicago can't debate so they are cooking the books. >> do you take that seriously? >> no. but he gave us a good laugh because apparently, he was serious. >> he believes -- >> i think -- >> he believes that they are bogus numbers. >> it's when he said. it's the kind of nonsense eye mean, the last thing -- anyone should be looking at in these numbers is somebo
FOX News
Oct 5, 2012 5:00pm PDT
, next on the run down. good news for president obama. the unemployment rate dropping. lou dobbs on that. the rumble in d.c. tomorrow. stewart and i will go at it. gut field and mcguirk going to analyze up ahead. s rudy. his morninstarts with arthritis pain. and two pills. afternoon's overhaul starts with more pain. more pil. triple checking hydraulics. the evening brin more pain. so, back to more pills. almost done, when... hang on. stan's doctor recommended aleve. it can keep pain away all day with fewer pills than tylenol. this is rudy. who switched to aleve. and two pills for a day free of pain. ♪ and get the all day pain relief of aleve in liquid gels. droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. with verizon, america's largest 4g lte network, and motorola, droid does. get $100 off select motorola 4g lte smartphones like the droid razr. >> bill: good news for president obama. the unemployment rate has dropped to 7.8%. 117,000 jobs added in september.
NBC
Oct 5, 2012 12:00pm EDT
after a week debate. >> september's unemployment rate delivered president obama a pre-election gift. this is the first time it has been below 8% during his presidency. >> we know there is still that willingness for all of us to see that more people are put but to work. in this particular report, i am happy to see that we have continued growth. >> employers added 114,000 jobs in september. the numbers shocked analysts, who predicted the jobless rate would stay around 8% and possibly grow. >> this is a big report. >> president obama called the report proved that the economy is improving under his policies. >> we have made too much product progress to return to the policies that led to the crisis in the first place. >> mitt romney launched a tv ad that the recovery is too slow. even economists seem hesitant, pointing of the the number of new jobs created each month has been decreasing since july. this report a positive sign for a still fragile of economy. one downside to the report, many of the jobs created were part- time jobs, not full-time jobs. >> thank you, daniel. baltimore count
PBS
Oct 5, 2012 5:30pm EDT
americans are still out of work, but falling unemployment has surprised most analysts. both barack obama and mitt romney were quick to seize on the numbers. here is our north america editor. >> snow in downtown denver slow down the rush hour, that millions of americans have no need form morning haste -- no need for morning haze. how to create more jobs has been central for this election. unemployment rose after barack obama became president, peaking at just over 10%. today's figure is the first time it has been under 8% for 44 months. >> this morning, we found out that the unemployment rate has fallen to its lowest level since i took office. [applause] >> the good news comes at the end of a bad week for the president where he was widely derided for a lackluster debate performance. now some feel he is back. >> we have made to much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen. i will not allow that to happen. that is why i am running for a second term as president of the united states. >> blaming unemployment on the president h
CNN
Oct 4, 2012 2:00am EDT
, everywhere you see a brown state, they were losing jobs in the first full year of barack obama's presidency. unemployment, 10.6%, but three years passed, we saw increases in retail, health care, education, and look at the map today. every state that becomes lighter in this picture is a state where there was an improvement in the unemployment rate over that period of time. i will tell you there, ray great many of them out here. the unemployment rate for ohio, changed 7.2%. lock at the massive change in the country in terms of the improvement in terms of states that are no longer losing jobs, but now making jobs. to make that happen, the bureau of labor statistics says you had to have a lot of job creation. 4.4 million jobs created. what you don't hear so much about, we lost 4.3 million jobs in the dark days. the net gain according to the net record, is only 125,000 jobs. based on that even though the president did create a lot of jobs, when you look at that, look at the extent of his claim, 5 million jobs created, we have to say that's simply false. i know many democrats will say
FOX Business
Oct 7, 2012 11:00pm EDT
report. ♪ >> a month before election day, and unemployment below 8% for the first time in the obama era, obama called it too little, too late because so many stoppedded looking for work. >> the truth is, if the same number of people were participating in the work force today as when the president was elected, unemployment would be 11%. >> romney says his plan creates long term jobs rather than part time work to get the unemployment under 8%, 32 days before the election. >> i will help create 12 million new jobs and rising take home pay. romney's debate performance is rising in polls inches ahead in ohio and virginia be it within the poll's margin of era. the tracking poll has the president up five points. in virginia, he met with miners blasting the president for waging war on the coal industry and the workers. >> i believe we should take advantage of it, put workers back to work, and use the resource that's abun adapt, cheap, and to be burned in a clean way. >> riding high, romney reminded a rally last night with fireworks and trace adkins that the president promised his stimulus g
ABC
Oct 5, 2012 12:00pm EDT
obama. the u.s. unemployment rate has fallen below 8% for the first time in nearly a full your years. >> employers added 114th thousand jobs since september. jobless rate fell to 7.8% last month and wages rose. the department also revised the numbers for july and august saying the economy at its 86,000 more jobs than first estimated. >> the jobs report is a big topic on the campaign trail. republican candidate mitt romney campaigning in battleground virginia. looks like they're getting ready to announce that he will be speaking soon at carter machinery in abingdon. president obama in virginia as well. >> scott thuman joins us from george mason university. seems like a more confident president obama than we saw during the debate scott. we would check back with him in a couple minutes. the president speaking after 11:00 this morning in virginia at george mason in fairfax. we will have a live report. >> a with abc 7, your election station. continuing coverage of the election and the latest information on our website at wjla.com. turning to a story developing in bethesda. montgomery coun
FOX News
Oct 5, 2012 3:00pm EDT
." the unemployment rate has dropped to the lowest level since president obama took office. like everything else, this election season, it is political. president obama says there is more to be done. governor romney says this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the left is the president since the recession. the rate has not been this low sin the inauguration in january of 2009. of course, this could be a potential boost to the president's campaign. no incumbent since the great depression has been re-elected with unemployment above 8 percent. the president said the economy is moving forward and suggested governor romney's policies would spark another financial disaster. >> we made too much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen and i won't allow it. >>trace: governor romney downpla
CNN
Oct 6, 2012 6:00am EDT
now we would be at 5.4% unemployment. >> president obama says he's creating jobs, but he's really creating debt. >> reporter: romney has a new ad out arguing that the president's job creation efforts have only added to the deficit. >> a couple nights ago we had a debate. you may have had the chance to see that. >> reporter: before the jobs number, romney was riding a wave of momentum after this week's debate, he even got a pass from the president who never mentioned romney's comments on the 47% of americans who don't pay income taxes. >> 47% of the people will vote for the president no matter what. >> reporter: romney tried to put an end to the controversy once and for all on fox. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessions, now and then you'll say something that doesn't come out right. >> reporter: democrats maintain that tone deafness extends from main street to sesame street. so, obama aides sent a protester in a big bird outfit to mock his call to end funding for pbs. romney will spend part of the weekend in debate prep
Current
Oct 5, 2012 8:00pm PDT
. >> obama: this morning we found out that the unemployment rate had fallen to its lowest level since i office. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> eliot: not if you're mitt romney. the g.o.p. contender talked down the jobs numbers and the economy at an abingdon, virginia, rally. >> romney: there were fewer new jobs created this month than last month. the unemployment rate as you noted this year has come down very, very slowly. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> eliot: mitt just can't stand good news on the economy, and neither can his friends on the right, including knocks fuss anchor stuart varney who suspect politics were behind the jobs numbers. >> oh how convenient that the rate dropped below 8% for the in 43 months five weeks before the election. >> eliot: unbelievable jobs numbers, these guys will do anything. can't debate so change numbers. tw
MSNBC
Oct 6, 2012 2:00pm EDT
. first, president obama used his weekly address to tout that drop in unemployment numbers to 7.8. >> more americans are entering the workforce, more americans are getting jobs. >> but mitt romney on his weekly podcast this morning argued that it is just more proof that obama's policies had failed. >> we created fewer jobs in september than in august, and fewer jobs in august than in july. and we've lost over 600,000 manufacturing jobs since president obama took office. if not for all the people who had simply dropped out of the labor force, the real unemployment rate would be closer to 11%. >> joining us now is anne kornblut of "the washington post" is and author of "the cracked ceiling," and jonathan allen, politico's senior washington correspondent. first, anne, jon, thank you both for joining us. the drop from 8.1 to 7.8 sounds like a pretty large drop. mitt romney argues it's because of all the people that have stopped looking. but is romney in a bind, because he can no longer use the argument that the unemployment rate hasn't gone below 8% under president obama. >> and he's
CBS
Oct 5, 2012 12:00pm EDT
wednesday night's debate. president obama responds to new unemployment numbers that dropped to 7.8%. the lowest in four years since president obama took office. >> this is a choice not just between two candidates or two parties, but a choice between two fundamentally different visions for america. and today, i believe that as a nation, we are moving forward again. [ applause ] we're moving forward. cheer [ cheering and applause ] now after losing about 800,000 jobs a month within i took office -- when i took office, our businesses have now added 5.2 million new jobs over the past two and a half years. [ cheering and applause ] >> reporter: now before the debate, the president had a very slight lead over his opponent in the commonwealth. the battleground state of virginia. the question is, can he maintain that slight edge between now and november? back to you j. c.. >> thank you surae. >>> well, bedbugs are causing headaches for students at the university of maryland. the pests are spreading through parts of building 7 at the south campus commons dormitories. the company that manage
NBC
Oct 5, 2012 11:00pm EDT
unemployment rate dipped below 8% for the first time since president obama took office. the unemployment rate is pushed to 7.8%. the president touted the numbers as a step in the right direction. he was in virginia this afternoon speaking before a crowd at george mason university. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy. just to try to score a few political points. >> mitt romney argued that the numbers disguised the fact that people have actually stopped looking for work. this morning, he campaigned in southwest virginia before going to florida where he criticized the president for failing to get specific on job growth. >> he's got a chance to explain his jobs program. did you hear what he had to say? i didn't either. [ laughter ] i heard more of the same. >> mitt romney will spend more of the next three days in florida. >> well, now we know the washington nationals finally got some answers tonight. they finally know where they're going and whole they'll face in the playoffs. carol? >> reporter: hey,
NBC
Oct 6, 2012 5:00am PDT
it's been -- after a rough debate, a little good news for president obama. unemployment fell to its lowest level since he took office. >>> we're going to look at what's driving the higher prices. >> a story of a miraculous recovery. a 23-year-old woman's brush with death when her skull was separated from her spine in a car accident. she'll be here to tell us how doctors were able to help her survive. >> it's called an internal decapitation. it was gruesome. it's amazing. it's really a wonderful story. then we're going switch gears. lester and i went to jamaica over the summer for work. i don't want to just hang out on the beach all day. look how create lester looks? i decided to give lester holt a workout he would never forget. >> yeah. i should be out of traction any day now. what part of the word rest don't you understand? >> i just feel like you brag about all the stamina you have. i figured you didn't need rest in the middle of a workout. >> 100 degrees out there. >> 19 minutes of fun for him. 60 minutes of fun for me. we're going to start with politics, though. presidential pol
CNN
Oct 4, 2012 11:00am EDT
question of real unemployment. can barack obama be reelected with the numbers he is facing? it's a tough, tough task. no question. look at the president been reelected since the 1950s and the unemployment rates at that time. dwight eisenhower. 4.1% and nixon 5.6 considered huge at that time. bill clinton, 5.1 and second gush 5.4 and barack obama whopping 8.1% unemployment. august numbers for all of these president before they were ree lebted. very difficult for any president to carry a weight like that into a re-election campaign when barack obama was elected the first time it was historic. if he is elected again it will also be historic because no president has been reelected with that kind of number since franklin roosevelt. the waning days of the great depression. i'm barack obama, and i approve this message. these appliances could have been made here in america. but a company called global tech maximized profits by paying its workers next to nothing... under sweatshop conditions in china. when mitt romney led bain, they saw global tech as a good investment... even knowing that the fi
MSNBC
Oct 5, 2012 9:00am EDT
joe." >> yay! >>> the unemployment rate dropped below 8% for the first time in the obama presidency hitting 7.8% for september. but the raw job gains are tepid. will the below 8% news do much to change the economic perceptions of undecided voters in the final weeks before the election? meanwhile a shifted swagger as mitt romney waits to see if his numbers swing up after a decisive debate. he certainly has a spring in his step out on the campaign trail. on the whole 47% comment that never came up at the debate romney says he was wrong. as for the president, he put some mileage between himself and the mile high city with much more fiery talk than anything we heard from him at the actual debate. but is the president's tough talk too little too late? good morning from washington. it's friday, october 5th, 2012. this is "the daily rundown." i'm chuck todd. we'll have much more on the new jobs numbers in minutes with economist mark zandi, texas senator kay bailey hutchison is here, and an exclusive this morning senior adviser to the president david plouffe. but first right to my first rea
CNN
Oct 5, 2012 6:00am PDT
jobs report. lowest unemployment rate since president obama took office. 114,000 jobs were created in september. the jobless rate stands at 7.8%, .3 drop since august. romney/ryan campaign released this statement. quote, this is not what a real recovery looks like. we created fewer jobs in september than in august and fewer jobs in august than july and we've lost over 600,000 manufacturing jobs since president obama took office. end quote. we're still awaiting a response from the obama campaign. >>> the calendar says fall. oh, but in colorado, scenes like this may have some people confused about which season they're in. meteorologist alexandra steele joins me now. i don't think anybody is ready for that yet. >> yeah, right? snowing in denver, colorado, today. two days ago it was 89 degrees. this came down. badger, minnesota, 14," angus, 8". grand forks and especially through the dakotas, too, that's where the cold air is in place. the moisture was in place. we have a freeze threat already. you can see temperatures in the 20s and 30s for highs. and how about windchills, coldest air of
MSNBC
Oct 5, 2012 6:00am PDT
president obama had promised unemployment would be below 8%. they had to delete that. >> now we can adopt the line the obama administration used in 31 of the past 33 months. it's important to not read too much into one month's jobs report. in light of that we look at these numbers, some are part-time but how about the halloween costume stores? any time it goes down it's good news. the divergence between the household and the establishment a little weird. >> right. >> you know, one of those things you'll take good news anywhere you can get it. i would be a little wary about anything that looks like spiking the football on this, excessively celebration. obama can't go out there and say upon my orders we hunted down and killed the 8% unemployment rate. >> and republicans sanity seem seem -- can't seem to be too dour. >> i'm going to get a break in. david plouffe is next. the political panel will stick around. but first what is david plouffe going to eat after the interview? white house soup of the day is tomato base ill. follow the show on facebook. you're watching "daily rundown" on msnbc.
CNBC
Oct 5, 2012 7:00pm EDT
cooking? >> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen has three polls showing a dead heat in battle ground states, hai, virginia, florida. even the liberal magazine "the new yorker" sees it on their front cover, mitt romney pulling a clint eastwood, debating an empty chair. first up, it was the tweet that was heard around the world. my good friend jack welch set off a social media firestorm. take a look at his tweet. "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers, end quote. he's chase by accusing the white house of skewing the data to help president obama. earlier on cnbc, u.s. labor secretary fired back with this response. please take a listen. >> th
Current
Oct 1, 2012 7:00pm PDT
obama promised us that unemployment wouldn't be this high -- >> jennifer: that's another lie. he didn't promise that it was going to be 8% or less -- >> just christine roamer his chief economic -- >> jennifer: but that's the given up four pants on fire pinocchio rating as well. >> i think the american people understand when he was selling the stimulus program, he was not promising we would have more than 8% unemployment. he did say that health costs would go down and it's not. >> jennifer: all right. you know we can go on about this. duf sundheim and peter fenn, thanks for joining us, peter from washington, d.c. >>> and up next they say our flaws are a gift. well for that i can say they have never taken part in a political debate. that's next on "the war room." you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade c
FOX News
Oct 5, 2012 11:00am EDT
president obama, the unemployment numbers are far more bleak. molly henneberg live in washington with a look at that. >> reporter: specifically african-american, hispanic voters strongly behind the president four years ago, struggling now in this economy. in most cases unemployment rates higher than they were four years ago. going back to the 2008 election african-americans voted 95% for then senator obama. hispanic were behind him, 67%. these are two groups the president is counting on again in this election. but those two groups also have been hit hard in the economy. remember, as jon just showed us, the overall unemployment rate for september is 7.8%. if you look at numbers by demographics, for african-americans the september unemployment rate is 13.4%. even higher for african-american men, 14.2%. it is 10.9% for women. for hispanics the overall unemployment rate in september is 9.9%. a bit better for men, 7.6%, but worse for hispanic women, 9.8%. even though african-americans and his pan anybodies are doing worse in the economy than population at large, one labor analyst says these
FOX
Oct 8, 2012 5:30am EDT
president since him bigger unemployment and bigger deficits nd more wars than president obama, was, by the failed policies of george w. bush, hich resulted in directly, the greatest ob losses since fdr. thissis not easy and it is harddwork but we are movinn forward. ayotte says: "hey, chris, let's ttlk about, though, his policies. of course, we didd't hear in the hour and 25 minutes of debate anything about the stimulus packagee because if you look at the policy, the trickle-down povernment policy, as the governor described it, they represented bellw 6 pprcent unemployment right now, after spendiig all of that money. so, they had full charge of the firss two years and the policies that this president put into place, actually made it worse. including the fact that obamacare is actually -- you ask small employers, it is causing them not to hire because of rising healthcare co" the presidential candidates october 16-th. we've been waiting 15 years for the orioles to host a playofffgame.... so what is a few more hours? thh rain delay was early 2 and a half the result of the game into - thi
CNN
Oct 6, 2012 3:00pm PDT
now we would be at 5.4% unemployment. >> president obama says he's creating jobs. but he's really creating debt. >> a couple of nights ago. we had a debate. you may have gotten a chance to see that. >> reporter: before the new jobs numbers, romney had been widing a wave of momentum. he even got a pass from the president, who never mentioned romney's comments on the 47% of americans who don't pay income taxes. >> 47% of the people will vote for the president no matter what. >> with an ad still repeating those rorks, romney tried to put an end to the controversy once and for all on fox. >> clearly in a campaign with hundreds and thousands of speeches, now and then you're going to say something that doesn't come out right. in this case i said something that is completely wrong. >> reporter: romney next heads to florida. that state's unemployment rate has gone down in recent month, is still well above the national average. wolf? >>> let's bring in our chief political analyst gloria borger and ron bronstein. gloria, the new numbers, how will they impact the president? >> they're a grea
CNN
Oct 5, 2012 11:00pm PDT
and >>> "outfront" next, the unemployment rate falls to the lowest levels since president obama took office. we'll tell you why that number matters and why it might not matter that much. plus, the fight over the middle class. mitt romney makes a sudden appeal, but is it going to work? and new questions about the security in libya after terrorist attacks there killed four americans. tonight, the state department rejected a security request. let's go "outfront." "outfront" tonight, the war over work. a new jobless number and renewed claims from both presidential candidates about what it means. first, president obama saying it is a very, very good sign. >> this morning, we found out that the unemployment rate has fallen to its lowest level since i took office. >> the old rate, 8.1%. the new number, 7.8%. that's the best since barack obama took office and it's certainly positive news for his re-election hopes because no president has been re-elected with an unemployment rate above 8% since roosevelt in the 1830s. erin herself has made this point many times. >> the unemployment rate may b
CNN
Oct 5, 2012 7:00pm EDT
. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst jobs performance of any president? >> let's move on. go ahead. jump in. >> you know what the problem was with that promise? they should have never made that. promises get people elected. promises get things passed, so now mitt romney says i'm going to create 12 million jobs over four years. 250,000 jobs a month. a ridiculous claim and what does the obama campaign do because morning in america sounds better than evening in america, the obama campaign says there's that's a low bar. we can do that, too. >> briefly here, you mentioned the idea of a conspiracy theory. this is the white house trying to mix it up. you don't buy that at all. >> not a little bit. bureau of labor statistics is a geeky, wonky organization. i love their website. they just, they're data gee
CNN
Oct 5, 2012 9:00am EDT
obama has hired baghdad bob to calculate the unemployment rate. anyone who take this is unemployment report serious is either naive or a paid obama campaign adviser. and, of course, they're looking at the 7.8% unemployment figure and saying that can't possibly be right. >> oh, let me explain how this works. we explain this every month, actually. there are two surveys. a survey of households and a survey of companies and sometimes they show slightly different results, right? they are surveying two completely different groups, one of people who are getting a job and one people who are giving a job and not necessarily the same people in those same surveys all the time. here is something i want to point out to these people who are talking about baghdad bob at the bureau of labor statistics. where were they the day after the president's speech in charlotte when all the enthusiasm after his dnc speech was taken away by a lackluster jobs support, where were they the past three years when we've been pointing out this is a subpar economy. i will tell you this, carol. never in 20
FOX News
Oct 5, 2012 7:00pm EDT
wanted goovment good to see you tonight. president obama says unemployment is at the lowest level since he took office. governor romney says this is not what a real recovery looks like. both candidates starting their rallies in the battleground state of virginia. we showed you moments ago mr. romney is in the state of florida at this hour speaking at a rally there they each have a very different take on today's jobs report. >> we can do better. we don't have to stay on the path we have been on. we can do better. there was a report that just came out this morning on job creation this last month. there were fewer new jobs created this month than last month. >> but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> harris: then the president went on with his familiar slogan saying governor romney supports the same policies that led to the financial crisis. the governor says he has a plan to create millions of jobs. campaign carl cammeron live in st. petersburg
PBS
Oct 5, 2012 4:30pm PDT
election day. does this give president obama an edge? i mean, how important is this unemployment report for the election? >> well, today's jobs numbers were friendly to the president. i mean, it does show that the economy is definitively improving. we've made a lot of progress. when you add it all up, we've created 4.5, 5 million jobs since job growth resumed just not quite three years ago. we are clearly moving in the right direction, and i do think voters when they think about who to vote for, they have had to come up with a trend line and think about where we're headed and i think these kind of numbers will, indeed, help the president. >> susie: you know, we're all so fixated on this unemployment number, and yet a number of people, whether they're economists or market strategists have been saying it's misguided to focus on this unemployment rate. what we should be really looking at is the fiscal cliff issue. what do you think are the chances of getting some resolution on the fiscal cliff, get something kind of deal on that? >> well, you know not before the election. i'm skepti
PBS
Oct 5, 2012 7:00pm EDT
like much. but, when it comes to the nation's unemployment rate, a 3- tenths of a percent drop is actually staggering. the unemployment rate now stands at 7.8 percent. that's the lowest level since january 2009, when president obama took office. even more remarkable is the reason for the drop. >> the unemployment rate decline was not because people dropped out of the labor force. to the contrary. the labor force actually but the household survey estimate of employment increased even more. >> reporter: the household survey shows total employment rose by 873,000. that's the biggest gain since ronald reagan was president. but there's a catch. two-thirds of those jobs are part-time positions, taken because no full-time work was available. and there's another troubling sign: >> what we have is hiring that is concentrated, most recently, in the government sector. hiring that is concentrated, most recently in education and healthcare. a little bit of positive news coming from construction. but in a lot of the business services and goods-producing industries and manufacturing, things look
FOX
Oct 5, 2012 7:00am PDT
showers sunday no monday. . a boost for the obama campaign, new unemployment numbers came out, with the latest report. >>> good morning, you talk about a busy weekend around here, more than a million people expected the pack san francisco streets because of the events happening this weekend. tara moriarty is in san francisco now, to tell us how the city is preparing to make sure everything goes as smoothly as possible return we are in front of the americas cup official store. standing in front of one of the cat tami catamarans, they they've will have one of the northbound lanes blocked off, to bay street. it will be used a as bicycle lane and allow emergency vehicles access to the hub of activity. around 6:30, we saw a military convoy led by police coming through here. all in preparation for fleet week. today is the quarter finals with races scheduled this weekend. estimated to draw 40,000 people to the bay. every member of the police force will be out, and city leaders say it's a practice run for the americas cup event next year, when 3 million people are expected to attend. the blue a
CNN
Oct 5, 2012 11:00pm EDT
obama saying it is a very, very good sign. >> this morning, we found out that the unemployment rate has fallen to its lowest level since i took office. >> the old rate, 8.1%. the new number, 7.8%. that's the best since barack obama took office and it's certainly positive news for his re-election hopes because no president has been re-elected with an unemployment rate above 8% since roosevelt in the 1830s. erin herself has made this point many times. >> the unemployment rate may be high, but the the absolute number is not what matters when it comes to getting re-elected. that's about to trend. every president running since world war ii has won when the rate was falling and lost when it was going up. best example, get ready. >> it's morning again in america. today, more men and women will go to work than ever before in our country's history. with interest rates at about half the record highs of 1980. >> yeah, you know what ad was for. that was ronald reagan, who won the election with a rate of 7.4%. so, the question is, can mr. obama win one like the giper or is the number still bad enoug
Current
Oct 8, 2012 3:00am PDT
first time since he took office -- since president obama took office the jobs report unemployment rate down below 8%. it started around 10%, and has gradually gone down. which does show again that the stimulus worked that the auto bailout worked. that the president's economic plan is working, and we are on our way back and i think that is something like 30 straight months of near -- near 30 if the no 30 straight months of positive jobs growth. so we are still living in the aftermath of the -- first presidential debate last wednesday, and living in anticipation of the vice president debate here to help us sort things out. ryan grim. hello, ryan, good morning. nice to talk to you again. >> good to talk to you. >> bill: the one issue that seems to linger from the debate is not jobs, health care or the economy, but big bird, right? he seems to be getting most of the commentary. >> when i heard that actually during the debate that -- that that was going to have the potential to kind of last the longest of anything being said that night, it was clear obama was going to get the pail handed to
FOX
Oct 8, 2012 5:00pm EDT
numbers are correct and across the board, they compete themselves, the obama campaign has new reason to go back to the supporters and tell them the race is far from over. >> let me ask you this. the unemployment numbers you were mentioning, they were good and they were released on the heels of what is immediately say president obama's not so good performance. >> i asked senator mccain, the numbers came out on friday and many prominent republicans and some in the republican party questioned the timing of that and questioned the labor department would put out the sympathetic numbers to the obama campaign saying unemployment had dropped in a dramatic way. i think, senate, do you fall in line with this? senator mccain said no. he believes the numbers are what they are; however, the drum beat of questioning it, will, is something the obama campaign has to answer and that is trying to put each side on the defense of saying what they thought was an advantage. >> and thank you for checking in to that. a lot of folks were talking about that and he does not pull punches. i think he got a good ans
CBS
Oct 5, 2012 11:00pm PDT
obama took office. surprisingly strong, showing that unemployment fell to 7.l% in september -- 7.8% in september. >>> cbs5 reporter, linda eye yee tells us what is behind those numbers -- linda yee tells us what is behind those numbers. >> reporter: he now has 160 employees. >> i think the economy is really picking up. >> reporter: ryan brauton is one of those new workers. he left his job in construction and decided to become a machinist. >> i chose manufacturing for a reason that it does not seem to be affected by the economy. >> reporter: he tripled his research and development budget during the recession. it has paid off. anderson is building this new plant. >> that's the reason why we're moving. we do have plans to continue hiring. >> reporter: nationally the economy has added an average of 145,000 jobs over the past three months. unemployment has not been this low since january of 2009. >> yes, we are finally below that 8% level, but it is still indicative of a slow go environment. >> reporter: much of the drop in the unemployment rate is attributed to the growth of part-time jobs
NBC
Oct 5, 2012 11:00am PDT
: the unemployment rate delivered president obama a preelection gift. the number of people without jobs fell to 7.8%, marking the first time it's been below 8% during obama's presidency. >> there's still that willingness for all of us to see that more people are put back to work, but in this particular report, i'm happy to see we see a continued growth. >> reporter: employers added 114,000 jobs in september and 86,000 jobs that hadn't been accounted for in july and august. the numbers shocked analysts who predicted the rate would stay around 8% and possibly grow. >> this is a big report. >> reporter: presint obama called the september report proof the economy is improving under his policies. >> we made too much progress to return to the policies that led to the crisis in the first place. i can't allow that to happen. >> reporter: mitt romney continued his argument in tv ads launching today that the recovery is too slow. >> i have a plan to create 12 million new jobs. >> reporter: they pointed out the new numbers of jobs created has been decreasing since july. >> that number has to grow.
FOX News
Oct 3, 2012 2:00pm PDT
promising to bring down unemployment? president obama will spend 90 minutes tonight from 9:00 to 10:55 or whatever time talking about how -- >> you are in the crowd that romney is going to get the job without saying anything? you think romney can get the job without saying anything? >> dana: where do you get he hasn't said anything? >> bob: tell me what he said about medicare. >> dana: i am not a spokesperson for romney come pain. i read the 59-point plan which is darned detail you made fun of before. >> bob: it's laughable. >> dana: you can is not say he doesn't have a plan. it sounds so hollow. >> bob: what do you say it's not true? you have to lay it out. >> kimberly: you are making statements that are inaccurate. you may it or disapprove, your right, but the american people should decide whether or not they think he can do a better job. >> bob: you know something i don't know. tell me what is the plan? >> eric: who cares -- >> kimberly: why do i care about the liberals? why are you caring about the liberals? >> bob: you said he has a plan. i don't know it. >> kimberly: he doesn'
WHUT
Oct 4, 2012 6:00pm EDT
of over 8% unemployment during president obama's term is four months more than all of the months of over 8% unemployment from 1948 until president obama's inauguration. he talks about recovery, all the new jobs. the fact is, in the downturn, 60% of the jobs lost were mid skill and mid paying jobs, and only 20% of the new jobs during the so-called recovery are in that category. most of the jobs are low-paying jobs, these new jobs he brags about are in retail sales and food preparation. there are things that have been proven in our history to work. we could have put in place, and it needs to be put in immediately, it works progress administration kind of program where we are investing in the future by building up our nation's rapidly deteriorating infrastructure, putting people to work. the wpa project at 8.5 million people to work. we could be putting 20 million to 25 million people to work and making that kind of investment in our nation's future. we need to renegotiate the averages free trade agreements and make sure they are fair trade so that we are not discriminating against tho
NBC
Oct 5, 2012 4:00pm EDT
. >> from president obama, this is proof that his policies are working, but for mitt romney, the unemployment rate now at 7.8% doesn't tell the whole story. at a rally a in virginia, a smiling president obama took full advantage of september's jobs report. >> more americans entered the work force, more people are getting jobs. >> reporter: the unemployment rate fell to 7.8%. marking the first time it's been below 8% during his presidency. >> today's excuse is not an excuse to talk down the economy to score a few political point. >> reporter: political points is exactly what mitt romney was going for while talking to voters in virginia. >> this president calls his policies going forward. i call his policies forewarned. >> reporter: romney said the unemployment rate fell because people gave up. >> when i'm president of the united states, that, that unemployment rate is going to come down, not because people are giving up and dropping out of the workforce, but because we're creating more jobs. >> reporter: on social media, some conservatives accuse the obama administration of doctor
Current
Oct 1, 2012 9:00pm PDT
important is that he is going to point out, look, president obama promised us that unemployment wouldn't be this high -- >> jennifer: that's another lie. he didn't promise that it was going to be 8% or less -- >> just christine roamer his -- >> jennifer: but that's the given up four pants on fire pinocchio rating as well. >> i think the american people understand when he was selling the stimulus program, he was not promising we would have more than 8% unemployment. he did say that health costs would go down and it's not. >> jennifer: all right. you know we can go on about this. duf sundheim and peter fenn, thanks for joining us, peter from washington, d.c. >>> and up next they say our flaws are a gift. well for that i can say >>> rick, again, i'm speaking -- i'm speaking -- i'm speaking -- you get 30 seconds -- the way the rules work here is i get 60 seconds, and you get 30 seconds to respond -- say you knew -- >> anderson -- >> are you just going to keep talking? let me finish what i have to say. >> jennifer: oh, god, i love debates. have you eh seen mitt romney so animated. i
ABC
Oct 7, 2012 5:30pm PDT
performance in florida all weekend long drawing his biggest crowds yet and president obama with that new unemployment number back to where it was when he took office teaming up with bill clinton in california, and clinton will be on the campaign trail all week, and this as a new gallup poll showing a tighter race after the debate. the president now up by just three points after being up by six points at his peak. abc's david kerley is on the campaign trail tonight in florida. >> reporter: 9,000 flag-waving romney supporters jammed the town square, 6,000 last night, all ready to turn the president out of office. >> you all have the chance to hear his answers or his not answers -- nonanswers. now, of course, days later we're hearing his excuses, and next january we'll be watching him leave the white house for the last time. >> reporter: team romney is feeling the momentum from his debate performance, and the obama campaign is admitting even the president realizes he didn't perform at his peak. >> i think you can assume that he's reviewed the tape, and it will inform -- it will inform how h
NBC
Oct 5, 2012 5:00pm PDT
economic news. for the first time since president obama took office, the nation's unemployment rate is now less than 8%. the unexpected news seemed to buoy the president on the campaign trail, who took advantage of the announcement that the american economy created 114,000 jobs last month. >> more americans entered the workforce. more people are getting jobs. >> this country has come too far to turn back now. >> conservatives, though, took to social media to accuse the obama administration of doctoring those numbers. republican nominee mitt romney did not go that far, but did say the reason for drop in the unemployment rate is because americans have just stopped looking for work. >>> the mom accused of abandoning her 10-year-old daughter inside of a local safeway store after a botched shoplifting attempt was in court today. and nbc bay area has learned investigators believe this mom did the same thing just go weeks earlier and got away with it. the prosecutor says marci ariko pulled the same stunt at the same morgan hill safeway store. the difference is the first time she allegedly wen
FOX
Oct 7, 2012 9:00am EDT
that came out friday, the unemployment rate dropped to 7.8%, the lowest since president obama took office and the government said 114,000 jobs were added but in a household survey, 873,000 more americans reported having jobs. senator ayotte, isn't the economy getting better? well, i think, what is disappointing about the report is the down tick we saw in unemployment is because of part-time work, for economic reasons, so people who want full-time jobs, taking lower pay, you can't support a family on part-time work. an of course we still have the sad fact that we have the lowest labor participatings rate since 1981, and if the number of people who were working or participating in the workforce were the same as when the president came into office the unemployment rate would really be 11%, so, i don't think there is any cause to celebrate, here and i think if you told the american people four years ago, that the unemployment rate is going to be 7.8%, at this point, during the president's term, i don't think anyone should be satisfied or happy with that. >> chris: governor, are you sat
ABC
Oct 7, 2012 9:00am EDT
unemployment number the obama people are making too much out of one pops's number which everybody does but there's a fundamental truth that things are getting better. not as fast as they should by a long shot. maybe a quarter of the way back from the damage that was done by the financial crisis, but we are making our way back. >> when you look at both events, let me ask you to weigh in, how much did the race change this week? >> i think it changed -- i think romney helped himself but i think this is a clarifying event because now the republicans are enthusiastic about romney. while they're enthusiastic about ryan, the winner of this race will have real legitimacy. this is not going to be a thing where they say, well, he really didn't represent our caution. now that -- if the president wins re-election, then you're going to see sort of policies along the clinton line when it comes to tax on top earners. you're going to see the health care bill stay in place. you'll see regulation of wall street stay in place and see these things happen. if by the same token romney wins he'll have the au
MSNBC
Oct 5, 2012 6:00pm EDT
president obama about job growth. elect me, i can turn the economy around. but today the rationale for his entire campaign is crumbling. the new job numbers are out and unemployment has dropped to 7.8%. under 8% for the first time since president obama first came into office. that's progress on jobs and that's good for america. but it's absolutely demolishes a favorite romney talking point. >> three years later, unemployment is still above 8%. >> we've gone 41 months with unemployment above 8%. >> we've had 42 straight months with unemployment above 8%. >> still 8% with over 43 straight months. >> today, that talking point disintegrated and president obama has a strong record to campaign on. >> this morning we found out that the unemployment rate has fallen to the lowest level since i took office. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> now, governor romney issued a statement today saying, quote, this is not what a real recovery looks like. really? th
CNN
Oct 4, 2012 2:00am PDT
. let's look at the overall question of real unemployment. can barack obama be re-elected with the numbers he is facing? it is a tough, tough task, no question. look at all the presidents relekted since the 1950s and the unemployment rates since that time. dwight eisenhower, richard nixon, president reagan, bill clinton, 5.1. the second george bush 5.4 and obama with a whopping 8.1% unemployment. these are the august numbers before they were elected. it's very difficult for any president to carry a weight like that into a re-election campaign when president obama was elected the first time, it will be historic. if he le if he is re-elected, there will be no president since franklin roosevelt re-elected with those numbers. >> an amazing look and visual display of the -- >> that is a great way to learn, isn't it? >> absolutely. we want to fact check the weather now. we go to rob who has winter storm warnings already. >> i feel so insignificant. i don't have all the fancy displays. >> we have to get you some of those. >> we're going old school. roll the snow footage. north dakota, the
CNN
Oct 5, 2012 10:00pm PDT
this country has come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate, as you noted this year, has come down very, very slowly, but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> he went on to say the country can do better, which is about what you would expect him to say, same as you would expect president obama to say what he said. that's the way the two sides do it, year in, year out, campaign after campaign. what no one does, at least until now, is look at the numbers and suggest the fix is in. this morning jack welch did tweet, unbelievable jobs numbers. these chicago guys will do anything. can't debate to change numbers. i think he presumably means the obama campaign. and conservative commentator laura ingram tweeted, another name for the labor debt's bogus 7.8% unemployment number. obama's surprise, thanks hilda. hilda solis is responsible at the bureau of statistics which puts out th
CNN
Oct 6, 2012 1:00am EDT
commentator laura ingram tweeted, another name for the labor debt's bogus 7.8% unemployment number. obama's surprise, thanks hilda. hilda solis is responsible at the bureau of statistics which puts out the job numbers. >> i have the highest regard for our professional staff at the bureau of statistics. folks that have been working in this area for many years and this is a methodology that's been used for decades. it is insulting when you hear people just cavalierly say that somehow we are manipulating numbers. i find that very insulting. >> solis, not solis. for the record, here's how the process works. the raw data comes in on wednesdays, the week before the monthly report. the bureau of statistics makes calls around to 60,000 house holds and asks who is working. that's where the unemployment rate comes from. for job growth and job loss, they gather payroll data from businesses. everyone who touches the data signs confidentiality agreements. documents are locked in safes. windows are actually papered over. custo custodians don't even empty the trash until it's over. they give them 12 hours
CNBC
Oct 5, 2012 1:00pm EDT
day starts right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think lon
CNN
Oct 5, 2012 4:00pm EDT
. as a matter of fact, he said right now we would be at 5.4% unemployment. >> president obama says he's creating jobs, but he's really creating debt. >> reporter: and romney has a new ad out arguing the president's job creation efforts have only added to the deficit. >> a couple nights ago we had a debate. you may have got the chance to see that. >> reporter: before the new jobs numbers, romney had been riding a wave of momentum after this week's debate. he even got a pass from the president who never mentioned romney's comments on the 47% of americans who don't pay federal income taxes. >> there are 47% of the people who vote for the president no matter what. >> reporter: with an obama campaign ad still repeating those, romney tried to put an end to the controversy once and for all on fox. >> clearly in a campaign with hundreds and thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i've said something that's completely wrong. >> reporter: romney heads next to florida where his economic messag
FOX Business
Sep 30, 2012 9:00am EDT
reducing those burdens to hiring, and that's what we need. i mean, we've got higher unemployment than when obama took office, and we have a really low workforce participation rate. that's really troubling. because those people are just deciding not to work. that's where you're going to get a higher and higher cost of entitlements in this country. >> mike, the main problem for most of us, lucky enough to have jobs, the money in our pocket is less than it was, and it's worth less too. >> right. the value of the dollar is falling considerably under president obama because of all the money printing he's done. >> the money printing that ben bernanke has done. >> supporting the treasury and borrowing by obama. what romney understands, david, and president obama is clueless about, there's a big difference between tax credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive, becaus
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